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Canada invests $3.4M in Li-ion materials and technologies company

Canada has awarded $3.4 million to Springpower International (SPI) of Mississauga, Ontario, which has developed a lower cost and environmentally friendly process for the production of lithium ion batteries. The award was one of five awards totalling $14.1 million in federal funding for clean technology development.

The projects are being funded through Sustainable Development Technology Canada, which works with Canadian companies to bring early-stage clean technologies to market.

Incorporated in 2010, Springpower is a private company dedicated to the development and commercialization of advanced Li-ion battery materials and battery technologies destined for HEV/EV and portable electronics.

SPI technologies developed or/and under developing address the requirements for different applications, such as environmental friendly process, high energy density, lower production cost, secure long term supply and so on.

SPI currently has two main areas of focus: nickel-based cathode materials technologies and nano silicon technologies.

Comments

HarveyD

Good intentions but not enough funds to develop and mass produce improved batteries. Other/larger financial sources are required.

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